19 Spring Street is a fully occupied multi-family investment property located in Middletown, Connecticut. This six-family apartment building is comprised of six one-bedroom units over three floors. Tenant rents are currently well below market and due for an increase. Four of the six tenants have lived at the property for a minimum of six years. The sellers reside locally and have taken good care of the property. The building is located on the edge of Middletown's award-winning downtown with a grocery store, fitness center, public library and so much more, all within a few blocks. Financials available upon request. There is a possible development opportunity with the neighboring commercial property at 7 Spring St also being for sale by different owners MLS# 170543968
Multi-familyProperty Type
1925Year Built
4,356 sq ftLot Size
$79Price/Sq.Ft.
Listed by Brendan Kelly• Harding Commercial Real Estate
Bought with Brendan Kelly• Harding Commercial Real Estate
Bought with Brendan Kelly• Harding Commercial Real Estate
Source:Smart MLS #170554744
Redfin Estimate
There isn’t enough information to generate an accurate estimate at this time. Learn More
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
3
Lot width
—
Lot depth
—
Lot size
4,356 Sq. Ft.
Year renovated
—
Sq. Ft.
6,351
Year built
1925
Style
Multi-Family (5+ Unit)
County
Middlesex County
APN
1015075
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2023.
B-1
Central Business Zone
This zone is composed and limited to the downtown district area. It is recognized that within this zone there are three unique classes of structures: Class A. Structures are those located along Main Street and Class B. Structures are located in the Central Business Zone that are not Class A or Class C structures.; Class C. Structures are those located along Spring Street, Grand Street, Liberty Street, Wetmore Place, Broad Street, Old Church Street, Union Street, DeKoven Drive south of Union Street and Washington Street west of Wetmore Place.; The zone provides for the central retail, housing, cultural and governmental activities of the community. Accordingly, these codes are designed to permit downtown development with a robust mix of uses in the core of the community where there is a concentration of pedestrian activity. To these ends the codes establish standards retaining such intensity of use and concentration of pedestrian and vehicular as is compatible with the function of this zone.
Permitted uses
Include but are not limited to:
Automotive repair garage
Bank
General retail
Retail-Grocery
Restaurant
Housing-Senior
Manufacturing
Hotel / motel
Office
Medical office
Property details
Parking
Garage Information
Garage & Parking: Paved
Interior
Room Information
Basement Description: Full With Walk-Out
Multi-Unit Information
Total Number of Units: 6
Exterior
Exterior Features
Exterior Siding: Brick
Lot Information
Lot Description: City Views
Building Information
Foundation Type: Concrete
Construction Description: Masonry
Property Information
Property Type: Multi-Family For Sale
Property Sub Type: 5 Family+
Living Area SQFT Per Public Record: 6351
Financial
Assessments Information
Assessed Value: $189,760
Utilities
Utility Information
Water Source: Public Water Connected
Sewage System: Public Sewer Connected
Hot Water Description: Natural Gas
Heat Type: Gas on Gas
Heat Fuel Type: Gas In Street
Location
School Information
High School: Per Board of Ed
Elementary School: Per Board of Ed
Location Information
State: Connecticut
Directions: GPS friendly
County: Middlesex
Public facts
Beds: —
Baths: —
Sq. Ft.: 6,351
Stories: 3.0
Lot Size: 4,356 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1925
Year Renovated: —
County: Middlesex County
APN: 1015075
Home facts updated by county records on Jul 13, 2023
Around this home
Schools
Macdonough School
Public K-5 • Assigned • 0.1mi
5/10
Beman Middle School
Public 7-8 • Assigned • 1.9mi
4/10
Middletown High School
Public 9-12 • Assigned • 1.5mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 99° expected this year, 17 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Middletown, CT • 06457
Average low and high temperatures (°F)
34
21
36
21
52
33
62
43
70
52
81
61
86
67
81
61
76
56
66
46
54
37
39
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.5 hours in December, which is comparable to the
U.S. average for solar exposure.